Multifamily
Graystone
1615 E 29th St, Lorain, OH 44055
Listing Price: $2,500,000
Cap Rate
7.83%
Number of Units
48
GRM
5.01
Occupancy
94.0%
Price/Unit
$52,083
Price/Gross SF
$70.22
Gross SF
35,600
Investment Overview
Marcus & Millichap is pleased to present Graystone.
Graystone
Investment Highlights
- Priced at Just Over $50,000 Per Unit
- Owned and Managed by Local Investment Company
- Property Underwent Complete Renovation Beginning in 2020 Including All New Windows, HVAC, Electrical, Roofs, Common Areas, and Units Totaling Nearly $1.2 Million of Improvements
- Majority Two-Bedroom Floorplans (83%)
- Within 25 Minutes of 5 Major Hospitals
- 2 Miles From the Port Lorain Marina Featuring Beaches, Lorain Harbor Boat Club, Dining and Nightlife, and Summer Festivals including Rockin on the River - Northern Ohio's Longest Running and Highest Attended Outdoor Concert Series
Exclusively Listed By
Financing By
Listing Price: $2,500,000
Cap Rate
7.83%
Number of Units
48
GRM
5.01
Occupancy
94.0%
Price/Unit
$52,083
Price/Gross SF
$70.22
Gross SF
35,600
Investment Highlights
- Priced at Just Over $50,000 Per Unit
- Owned and Managed by Local Investment Company
- Property Underwent Complete Renovation Beginning in 2020 Including All New Windows, HVAC, Electrical, Roofs, Common Areas, and Units Totaling Nearly $1.2 Million of Improvements
- Majority Two-Bedroom Floorplans (83%)
- Within 25 Minutes of 5 Major Hospitals
- 2 Miles From the Port Lorain Marina Featuring Beaches, Lorain Harbor Boat Club, Dining and Nightlife, and Summer Festivals including Rockin on the River - Northern Ohio's Longest Running and Highest Attended Outdoor Concert Series
Investment Overview
Marcus & Millichap is pleased to present Graystone.
Exclusively Listed By
Financing By
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